Following are the account balances from the December 31 trial balance of Lark Company:
If 10 percent of the Accounts Receivable is estimated to be uncollectible, the entry to record the estimate of bad debts would include a debit to Bad Debt Expense for
A) $6,000
B) $6,240
C) $8,400
D) $3,600
Correct Answer:
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